Makati has long been known as the city of dreams. It is a bustling metropolis that is home to some of the best financial and business institutions in the Philippines. From multinational corporations to small businesses, Makati has something for everyone. For those looking to start their own business, Makati is the perfect place to do so.
Small businesses are the backbone of Makati’s economy. They provide employment opportunities and contribute to the city’s vibrancy and growth. There are a variety of businesses you can start in Makati. Here’s a guide to exploring the Makati business scene and finding the perfect small business for you.
The first step is to assess the market. Makati is home to a wide variety of businesses, so it’s important to consider the type of business you want to start. Do you want to open a retail store, a restaurant, or a service-based business? Consider the products or services you want to offer and research the competition in the area. Doing market research is essential to success.
The next step is to find the right location. Makati offers a variety of locations for businesses, ranging from commercial spaces to residential units. Consider the size, location, and cost of the space you are looking for. In addition, consider the proximity to other businesses and people. If your business will depend on foot traffic, look for a space near popular destinations.
Once you have identified a potential location, the next step is to obtain the necessary permits and licenses. Depending on the type of business you want to open, you may need to register with the local government and obtain a business permit. You may also need to secure licenses or permits from other government agencies, such as the Department of Trade and Industry or the Bureau of Internal Revenue.
Finally, you will need to create a business plan. A business plan is essential for any business, as it outlines your goals, strategies, and financial projections. It should also include a marketing plan to help you reach your target audience.
Exploring the Makati business scene can be a rewarding experience. With the right market research, location, and business plan, you can find the perfect small business in the city of dreams.